PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2022

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

4.          PROPERTY AND EQUIPMENT

Property and equipment as of September 30, 2022 and December 31, 2021 consisted of the following:

	September 30,		December 31,
(In millions)	2022		2021
Cost:
Vessels	$	2,277.1	$	2,243.8
Containers and equipment		730.7		680.9
Terminal facilities and other property		131.5		128.3
Vessel construction in progress		—		14.9
Other construction in progress		65.4		19.5
Total Property and Equipment		3,204.7		3,087.4
Less: Accumulated Depreciation		(1,297.3)		(1,209.1)
Total Property and Equipment, net	$	1,907.4	$	1,878.3